In the mid-1980s, Frank Altman and Warren Hanson had a revolutionary idea: create a secondary market for community development loans, which would help other community development organizations weather the uncertain funding atmosphere of the time. However, as Altman says, “if you don’t think big, it’s not going to happen.” Altman and Hanson launched CRF in […]
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Clearinghouse CDFI Closes $150 Million U.S. Treasury Bond to Finance Community Development Projects in California, Arizona, New Mexico, and Nevada
Clearinghouse Community Development Financial Institution (Clearinghouse CDFI)—a mission-based financial institution serving low- to moderate-income communities in California, Arizona, New Mexico, Nevada, and Sovereign Nations—announced today that it has closed a $150 million bond from the United States Treasury Department’s CDFI Bond Guarantee Program (BGP) http://www.cdfifund.gov/bond issued through the Community Reinvestment Fund, USA (CRF). Clearinghouse CDFI’s 2018 bond […]
CRF-funded Quinn Violins featured in Star Tribune
In this article, Neal St. Anthony of Star Tribune interviews CRF customer Quinn Violin and Jennifer Ericson, Senior Loan Officer at CRF, about the challenges of financing for small business. St. Anthony writes, “Quinn also had to get over a financial wall. For years, he had tapped up to $120,000 in 18 to 25 percent […]
Community Reinvestment Fund, USA Tops $200 Million in SBA 7(a) Loans
CRF’s SBA lending accounts for more than 6,600 jobs created or retained MINNEAPOLIS – Mar. 21, 2018 – Community Reinvestment Fund, USA (CRF) – a mission-driven non-profit lender dedicated to improving communities and transforming lives – announced today that it has crossed the $200 million milestone for Small Business Administration (SBA) 7(a) lending. As a […]
Community Reinvestment Fund, USA and U.S. Bank Partner to Expand Access to Credit for Small Businesses
Connect2Capital platform will connect small businesses to responsible lending options from Community Development Financial Institutions MINNEAPOLIS–Community Reinvestment Fund, USA (CRF) – a mission-driven non-profit lender dedicated to improving communities and transforming lives – announced today that it has partnered with U.S. Bank to deliver a new solution for connecting small business borrowers with responsible lending […]
Community Reinvestment Fund, USA Receives $65 Million New Markets Tax Credit Allocation
MINNEAPOLIS – November 17, 2016 – Community Reinvestment Fund, USA (CRF), a non-profit organization that empowers people to improve their lives and strengthen their communities, announced that its affiliate, National New Markets Tax Credit Fund, Inc., received $65 million in federal New Markets Tax Credit (NMTC) funds. Since the program’s inception in 2001, CRF has received […]
JPMorgan Chase kicks off Denver Startup Week with grants for underserved entrepreneurs
DENVER – Chase for Business is returning as a title sponsor of Denver Startup Week, and will spotlight programs that assist Denver’s underserved entrepreneurs, plus engage U.S. Small Business Administrator Linda McMahon in a conversation focusing on startups and entrepreneurs. Chase’s highlights include: Community investment announcement at kickoffAt the Monday kickoff breakfast at the Seawell Ballroom, […]
Community Reinvestment Fund, USA Receives A $686,500 Financial Assistance Grant From U.S. Department of Treasury’s CDFI Fund
The grant will help increase CRF lending in low-income and economically distressed communities. MINNEAPOLIS – September 20, 2017 – Community Reinvestment Fund, USA (CRF), a Minneapolis-based national non-profit and Community Development Financial Institution (CDFI), has been awarded a $686,500 Financial Assistance grant from the U.S. Department of the Treasury CDFI Fund. The grant will strengthen […]
5 Key Learnings to Boost Your Effectiveness in Serving Small Businesses
As a precursor to this year’s Opportunity Finance Network’s Small Business Finance Forum in Chicago, Community Reinvestment Fund, USA (CRF) and Next Street brought together leaders in the Community Development Financial Institution (CDFI) industry to learn from each other. The topic du jour – Understanding, Assessing, and Acting within a Market to Effectively Serve Small […]
